Veolia Environnement SA (OTCMKTS:VEOEY) Sees Large Decline in Short Interest

Veolia Environnement SA (OTCMKTS:VEOEY) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 77,446 shares, a decline of 61.9% from the July 15th total of 203,311 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 242,032 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Veolia Environnement to a “hold” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Veolia Environnement Price Performance

Shares of VEOEY opened at $19.72 on Friday. The stock has a fifty day simple moving average of $20.59 and a two-hundred day simple moving average of $20.08. Veolia Environnement has a 52-week low of $16.01 and a 52-week high of $21.62. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.54.

About Veolia Environnement

Veolia Environnement (OTCMKTS: VEOEY) is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.